Is Bragg Gaming (BRAG) One of the Best Long Term Penny Stocks with Huge Upside Potential?

Bragg Gaming Group Inc. (NASDAQ:BRAG) is one of the best long term penny stocks with huge upside potential. On October 17, Citizens JMP downgraded Bragg Gaming to Market Perform from Outperform without a price target. This sentiment was announced as the firm noted that the company’s shares currently trade at a 0.5x discount to peers, given the uncertain outcome and EBITDA impact tied to the loss of a high-value customer (BetCity) and tax changes.

BetCity will have a material impact on the company’s revenue and a minor hit to EBITDA, but the timing is unknown. The firm sees risk to Bragg’s forward estimates and says the company should trade at a discount to the group. Citizens JMP views Bragg Gaming as fairly valued at current levels. Earlier on September 19, Citizens JMP analyst Jordan Bender reiterated a Buy rating on the company with a price target of $4.00.

Bragg Gaming Group Inc. (NASDAQ:BRAG) operates as an iGaming content and technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content.

While we acknowledge the potential of BRAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.